Wealth inequality risks triggering 'societal collapse' within next decade, report finds

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Nope. It's DEFINITELY happening. It's just the sort of thing that's nearly impossible to predict the exact timeline of. It could be as soon as a year from now and it could be in fifty.

Either way, the problem is real and worsening NOW, which is the second best time to do something about it.

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There's a limit, and at this rate we are bound to get there eventually.

Look at it this way...either there is a finite amount of money, and the more it is amassed by a handful of people, the less there is for others to survive. Or there is an infinite amount of money, and it's worthless.

There really should've been a point of exponentially diminishing returns on personal wealth, like a long time ago. There shouldn't have been any super-rich after the steel barons of the early 20th century. You'd think we would've learned our lesson then.

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Already there.

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Does the word "risk" mean "guarantee"?

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within the next decade?

We're already most of the way there. Inept, Incompetent, and overtly corrupt governments engraging the population
homelessness, unemployment, unpopular immigration and costs of necessities going haywire
trade wars brewing, Oh, and World War III is basically already in it's pre-game show stage with the fighting in Europe.

I'm at the point where Im expecting it any day. the US is just one bad move away from causing an all out revolt, because part of its population rightly thinks that the new admnistration is full of mobsters, tyrants, and fascists.

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Elon literally built a doomsday retreat in Texas, where most of the women he's fathered children live. as well as most of his children.
some notable exceptions, Grimes isnt there, nor the child who became Trans. for obvious reasons

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10 years ago, it was a night and day better world state.

Even Trump 1.0, the worst thing in the world at the time was the ISIS threat.
In Trump 2.0, We live in a world with

WW3 Basically in its opening stage in Ukraine, Russia is pretty much fucked, but NATO is fucked too now that the US is run by someone who hates it
Post Covid destruction of the economy
The billionares have turned megalomaniac and wormed their way into government ears
The US had an attempted Coup, the person who organized it is now the POTUS. and the people who participated in it are on the streets
the gradual increase of uneducated stupidity through social media and MSM TV Brainrot.

We've basically been in a spiral towards armageddon this decade, the 2020s are BRUTAL compared to the mid 2010s.

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I didn't realize he was in the flds

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Knock knock open up the door it's real!

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In before lemmy.world bootlickers delete these comments for "inciting violance."

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The participants identified a negative feedback loop, whereby the government’s failure to tax wealth effectively means it lacks sufficient revenue to uphold the social contract by which strong public services, an effective social safety net and a healthy economy provide people with decent living standards.

Trust in politics then declines further, politicians avoid honest discussions of the underlying problems and what to do about them, and the system’s legitimacy is increasingly questioned as the social contract collapses.

That's a nice story, but there's been plenty of even less egalitarian societies. Pretty much all of the ones in written history, actually.

More likely, in the short term a new, more coercive "social contract" will be rotated in if the trend continues. Heck, we're already seeing fealty to avoid personal retaliation back in style in the US.

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How is a wealth tax violence?

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You know, revolution is not the same as collapse.

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What about the world economic inequality?

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By the way, Trump wonders if Americans will let him treat them like this and continues to do "his business"

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The ownership class reading this: “…the training wheels are coming off, boys. It’s time we really kick this thing into high gear. We’re running out of time. Get your affairs in order—and by that I mean pick which if your mistresses will be your concubines on your floating golden fortress.”

“Understood.”

The group: “‘we’re the fuckin worst’ on three—one, two, three!

All:

“WE’RE THE FUCKING WORST!”

Generic white guy #1: “Alright, good hustle. Now go out there and fuckin murder some lower class people! This death machine ain’t gonna run itself! lol obviously im kidding, we were born into a machine that already runs itself and we were just the dumb lucky bastards born into the positions we’re in. But we deserve it!

Generic white guy #12: woah, Tom, you thought a little too much there. I’m afraid…we’re gonna have to take away the “#1” from your position. We worked hard to get where we are today! Don’t you EVER suggest there is an inherent flaw in a hierarchical system! You will be punished severely for even MAKING a reference to some FAKE injustice in our system! You are now #4. Other Tom, congratulations, now you’re #1. You must be very proud to hold this position.

Previously Generic white guy #4: this is an honor. I deserve this.

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It is for the rich.

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$1Trillion dollars wiped off the stock market? NBD, just push the AI more, so we can be free from the labour(ers). So cooked.

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Well, this has been known for decades, the Club or Rome's report (Limits of Growth) predicted this in the 1970s. Here's a graphic from 2004:

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Few people are just going to sit and starve. They will steal food directly or turn to other crimes to get money to buy food.

agnos.is Forums

Wealth inequality risks triggering 'societal collapse' within next decade, report finds

“WE’RE THE FUCKING WORST!”